[USI] Announcement of the Resolution of the 2026 Annual General Meeting Regarding the Lifting of Non-Compete Restrictions for New Directors
USI Corporation announced that its 2026 Annual General Meeting approved the lifting of non-compete restrictions for its newly appointed directors. This allows nine directors, including Wu Yi-Kuei, to hold concurrent positions in 28 affiliated companies in mainland China, facilitating group operations without compromising the company's interests.
📋 Article Processing Timeline
- 📰 Published: May 29, 2026 at 09:00
- 🔍 Collected: May 30, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: June 1, 2026 at 23:47 (63h 47m after Collected)
1. Date of Shareholders' Meeting Resolution: 2026/05/29
2. Names and titles of directors permitted to engage in competitive activities: Directors Wu Yi-Kuei, Wu Pei-Chi, Bi Shu-Qian, Yu Wen-Tsung, Wu Hong-Ting; Independent Directors Chen (Er-Zhong), Tu Tzu-Chun, Hai Ying-Jun, Chen Sheng-De.
3. Items of permitted competitive activities: Investment or operation of businesses identical or similar to the company's scope, provided it does not harm the company's interests.
4. Period of permission: From 2026/05/29 to 2029/05/28.
5. Resolution details: Approved in accordance with Article 209 of the Company Act.
6. Directors involved in mainland China operations: All listed above.
7. Names and positions in mainland China entities: Includes Yuefeng Electronics (Kunshan), Fujian Gulei Petrochemical, and Liancheng Chemical Industry, among others (28 entities total).
8. Locations of mainland China entities: Various locations including Jiangsu, Guangdong, Tianjin, Fujian, Shanghai, Sichuan, and Liaoning.
9. Business scope in mainland China: Manufacturing of ferrite cores, PE films, petrochemicals, logistics, property management, and fintech.
10. Impact on financial operations: Most are existing investment projects.
11. Investment amount and shareholding ratio: None.
12. Other: Director Chen's name is noted as (Er-Zhong) due to system display limitations.
2. Names and titles of directors permitted to engage in competitive activities: Directors Wu Yi-Kuei, Wu Pei-Chi, Bi Shu-Qian, Yu Wen-Tsung, Wu Hong-Ting; Independent Directors Chen (Er-Zhong), Tu Tzu-Chun, Hai Ying-Jun, Chen Sheng-De.
3. Items of permitted competitive activities: Investment or operation of businesses identical or similar to the company's scope, provided it does not harm the company's interests.
4. Period of permission: From 2026/05/29 to 2029/05/28.
5. Resolution details: Approved in accordance with Article 209 of the Company Act.
6. Directors involved in mainland China operations: All listed above.
7. Names and positions in mainland China entities: Includes Yuefeng Electronics (Kunshan), Fujian Gulei Petrochemical, and Liancheng Chemical Industry, among others (28 entities total).
8. Locations of mainland China entities: Various locations including Jiangsu, Guangdong, Tianjin, Fujian, Shanghai, Sichuan, and Liaoning.
9. Business scope in mainland China: Manufacturing of ferrite cores, PE films, petrochemicals, logistics, property management, and fintech.
10. Impact on financial operations: Most are existing investment projects.
11. Investment amount and shareholding ratio: None.
12. Other: Director Chen's name is noted as (Er-Zhong) due to system display limitations.
FAQ
What is USI Corporation?
USI Corporation is a major Taiwanese chemical manufacturer specializing in the production and sale of plastic raw materials and chemical products.